Comments on: Interesting take on the marketshttp://changelog.complete.org/archives/757-interesting-take-on-the-markets
Comments on family, technology, and societyThu, 10 Aug 2017 09:20:09 +0000hourly1https://wordpress.org/?v=4.8.1By: Jasonhttp://changelog.complete.org/archives/757-interesting-take-on-the-markets/comment-page-1#comment-2514
Sat, 20 Sep 2008 10:34:56 +0000http://changelog2.complete.org/archives/757-interesting-take-on-the-markets.html#comment-2514@Tom: In theory yes, but the problem is no one knows how deep this “correction” would go, and if it indeed would vastly over-correct.

A massive number of employees are already being dumped into the market place by this(very bad if you’re an employee). And then you have potential for cascades (what happens if Wal-Mart can’t get any more loans?).

]]>By: Tom Moertelhttp://changelog.complete.org/archives/757-interesting-take-on-the-markets/comment-page-1#comment-2512
Fri, 19 Sep 2008 19:01:49 +0000http://changelog2.complete.org/archives/757-interesting-take-on-the-markets.html#comment-2512The real-estate bubble finally bursts and the solution is to try to pump it back up again with taxpayer money? Wouldn’t it make more sense to accept that the bubble has burst and that we’re going to take some losses now that the effects of the correction are upon us?
]]>By: Joshuahttp://changelog.complete.org/archives/757-interesting-take-on-the-markets/comment-page-1#comment-2510
Fri, 19 Sep 2008 15:59:41 +0000http://changelog2.complete.org/archives/757-interesting-take-on-the-markets.html#comment-2510The people who ran the large banks and investment firms being rescued by the government have defrauded the American people and should be prosecuted.

That said, the government, and subsequently the taxpayer, has a much better chance of getting a return on investing in these “large multi-national financial institutions” than they do with propping up 100 million private homeowners. There is far too much risk in that and it is spread out over an unimaginably large number of people.

Oversight, to make sure that the investment in the programs you are referring to is being used properly, would be impossible. It would be irresponsible and likely destroy our economy. But then again, it does sound nice before thinking it through…